According to a new report published by Grand View Research, the global styrene butadiene rubber (SBR) market is projected to reach $9.9 billion by 2025. Significant increase in the demand for OEM tires from the automobile industry reportedly will strengthen the use of SBR during the forecast period. Furthermore, long vehicle life and a shift in consumer preference toward high-performance tires is expected to have a positive effect on the growth of SBE market in the coming years. The demand supply gap for natural rubber (NR) has widened in recent years, making the prices of the commodity a matter of concern. In 2016, the growth in supply of natural rubber was 1.1% while the demand grew at a rate of about 6%. This deficit has been exerting a pressure on the supplies and leading to a high volatility in the prices, which in turn has been a major driver for the growth of the SBR industry. Over the last five years, the average consumption of synthetic rubber has been higher than NR by about 3,500 kilo tons per year. SBR is the highest consumed synthetic rubber, accounting for over 45% of consumption. Therefore, the restraints faced by the NR industry act as the major drivers for the synthetic rubber market. The global SBR market is segmented into E-SBR and S-SBR by product type. The global S-SBR market is likely to witness a CAGR of 8.8% from 2016 to 2025, because manufacturers are increasingly focusing on converting E-SBR plants into S-SBR manufacturing facilities. On the basis of application, the global SBR market is segmented into tire, footwear, polymer modification, adhesive, and others. The tire application segment is projected to witness a CAGR of 1.7% from 2016 to 2025 due to the growing demand from the automotive industry in emerging economies including China, India, and Brazil. On the basis of region, the global SBR market is segmented into North America, Europe, Asia Pacific, and Rest of the World. SBR market is propelled by the increasing demand from the Latin America and the Middle East & Africa regions due to the rising production of tires and the presence of numerous petrochemical companies across the region.